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Perfect World sold two wholly owned subsidiaries for US$125 million, including the developer of Torchlight

Game Daily News December 21 news Perfect World announced that in order to further optimize the allocation of the company's overseas resources, it will sell the wholly-owned subsidiary Pferfect World Noth America Corporation and the 100% stake in Perfect World Publishing B.V. to The Empire Group for a consideration of $125 million.

Perfect World sold two wholly owned subsidiaries for US$125 million, including the developer of Torchlight

Pferfect World Noth America Corporation and Perfect World Publishing B.V. are mainly engaged in the distribution of PC and console games in Europe and the United States, including game products such as Neverwinter Night, Star Trek, and Torchlight. Embracer Group has eight studios, as of November 17 has acquired 37 game studios, covering the fields of terminal games, mobile games, consoles and other fields, is a global game development and distribution group, including "Sopranos Saints", "Simulation Goat", "Dead Island" and other products.

Perfect World sold two wholly owned subsidiaries for US$125 million, including the developer of Torchlight

It is worth noting that The Embracer Group has 197 games in development and hopes to release 25 AAA games by 2026, according to the third quarter report of 2021 released by the Empire Group, which says it will release 25 AAA games by 2026.

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